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H.R. 2081 — 5 for 5 Act of 2003 | PoliFocus

H.R. 2081108th Congress

5 for 5 Act of 2003

To amend the Internal Revenue Code of 1986 to reduce to 5 percent the maximum rate of tax on net capital gain on assets held for more than 5 years.

Sponsors

Rep. Wu, David [D-OR-1]

2 cosponsors

Subjects

Taxation

Summary

5 for 5 Act of 2003 - Amends the Internal Revenue Code to reduce capital gain rates for qualified five-year gain to five percent.

Full Text

Legislative Actions

2003-05-13
Introduced in House
2003-05-13
Introduced in House
2003-05-13
Referred to the House Committee on Ways and Means.

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